Target Corporation, Inc. equity valuation

Detalhes bibliográficos
Autor(a) principal: Monteiro, Catarina Vinhas
Data de Publicação: 2023
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/44297
Resumo: The main objective of this dissertation is to carry out the equity valuation of Target Corporation, a retail company based in the United States of America that belongs to the S&P index 500, in order to determine the price per share. Firstly, an industry analysis in which the company operates was carried out, thus, the North American market was characterized, the main competitors identified, as well as the opportunities and challenges of the sector.It was also analyzed the global economic context and its impact on the retail sector. On the other hand, the financial history of some company indicators was analyzed in order to deepen knowledge about it and choose the most suitable methods. The main method used was Discounted Cash Flow (DCF), having been determined an intrinsic value of $124.64. Comparing this value with the market value, $129.94 (16ℎ November 2023), a HOLD recommendation on the shares of Target Corporation share’s was issued. A relative assessment using multiples was performed, however it was discarded due to the difficulty in identifying a peer group that could be compare to Target Corporation.
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spelling Target Corporation, Inc. equity valuationEquity valuationIntrinsic valueTarget CorporationRetailUSDCFAvaliaçãoValor intrínsecoRetalhoEUADomínio/Área Científica::Ciências Sociais::Economia e GestãoThe main objective of this dissertation is to carry out the equity valuation of Target Corporation, a retail company based in the United States of America that belongs to the S&P index 500, in order to determine the price per share. Firstly, an industry analysis in which the company operates was carried out, thus, the North American market was characterized, the main competitors identified, as well as the opportunities and challenges of the sector.It was also analyzed the global economic context and its impact on the retail sector. On the other hand, the financial history of some company indicators was analyzed in order to deepen knowledge about it and choose the most suitable methods. The main method used was Discounted Cash Flow (DCF), having been determined an intrinsic value of $124.64. Comparing this value with the market value, $129.94 (16ℎ November 2023), a HOLD recommendation on the shares of Target Corporation share’s was issued. A relative assessment using multiples was performed, however it was discarded due to the difficulty in identifying a peer group that could be compare to Target Corporation.O objetivo principal desta dissertac¸ao˜ e realizar a avaliac¸ ´ ao da Target Corporation, uma ˜ empresa de retalho com sede nos Estados Unidos da America que pertence ao ´ ´ındice S&P 500, para a qual sera determinado o prec¸o por ac¸ ´ ao. Para iniciar este estudo, foi realizada ˜ uma analise ´ a ind´ustria onde a empresa se insere, deste modo, o mercado norte americano ` foi caracterizado, os principais concorrentes identificados, bem como as oportunidades e os desafios do sector, tendo em conta o contexto economico mundial e o seu impacto no sector do ´ retalho. Consequentemente, foi tambem analisado o hist ´ orico financeiro de alguns indicadores ´ da empresa de forma a aprofundar o conhecimento sobre a mesma e escolher os metodos de ´ avaliac¸ao mais adequados. O principal m ˜ etodo de an ´ alise utilizado foi o Discounted Cash Flow ´ (DCF), tendo sido apurado um valor intr´ınseco de $124.64. Comparando este valor com o valor de mercado, $129.94 (16 de Novembro de 2023), a recomendac¸ao emitida sobre as ac¸ ˜ oes da ˜ Target Corporation e de HOLD. Contudo, foi ainda realizada uma avaliac¸ ´ ao relativa recorrendo ˜ aos m´ultiplos, tendo a mesma sido descartada devido a dificuldade em identificar um grupo ` semelhante que pudesse ser comparavel ´ a Target Corporation.Martins, José Carlos TudelaVeritati - Repositório Institucional da Universidade Católica PortuguesaMonteiro, Catarina Vinhas2024-03-14T17:56:07Z2024-01-302023-122024-01-30T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/44297TID:203535588enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-09-06T12:46:11Zoai:repositorio.ucp.pt:10400.14/44297Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-09-06T12:46:11Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Target Corporation, Inc. equity valuation
title Target Corporation, Inc. equity valuation
spellingShingle Target Corporation, Inc. equity valuation
Monteiro, Catarina Vinhas
Equity valuation
Intrinsic value
Target Corporation
Retail
US
DCF
Avaliação
Valor intrínseco
Retalho
EUA
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Target Corporation, Inc. equity valuation
title_full Target Corporation, Inc. equity valuation
title_fullStr Target Corporation, Inc. equity valuation
title_full_unstemmed Target Corporation, Inc. equity valuation
title_sort Target Corporation, Inc. equity valuation
author Monteiro, Catarina Vinhas
author_facet Monteiro, Catarina Vinhas
author_role author
dc.contributor.none.fl_str_mv Martins, José Carlos Tudela
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Monteiro, Catarina Vinhas
dc.subject.por.fl_str_mv Equity valuation
Intrinsic value
Target Corporation
Retail
US
DCF
Avaliação
Valor intrínseco
Retalho
EUA
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Equity valuation
Intrinsic value
Target Corporation
Retail
US
DCF
Avaliação
Valor intrínseco
Retalho
EUA
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The main objective of this dissertation is to carry out the equity valuation of Target Corporation, a retail company based in the United States of America that belongs to the S&P index 500, in order to determine the price per share. Firstly, an industry analysis in which the company operates was carried out, thus, the North American market was characterized, the main competitors identified, as well as the opportunities and challenges of the sector.It was also analyzed the global economic context and its impact on the retail sector. On the other hand, the financial history of some company indicators was analyzed in order to deepen knowledge about it and choose the most suitable methods. The main method used was Discounted Cash Flow (DCF), having been determined an intrinsic value of $124.64. Comparing this value with the market value, $129.94 (16ℎ November 2023), a HOLD recommendation on the shares of Target Corporation share’s was issued. A relative assessment using multiples was performed, however it was discarded due to the difficulty in identifying a peer group that could be compare to Target Corporation.
publishDate 2023
dc.date.none.fl_str_mv 2023-12
2024-03-14T17:56:07Z
2024-01-30
2024-01-30T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/44297
TID:203535588
url http://hdl.handle.net/10400.14/44297
identifier_str_mv TID:203535588
dc.language.iso.fl_str_mv eng
language eng
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dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv mluisa.alvim@gmail.com
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